China Box Office Thread | Deadpool & Wolverine- July 26

[Fake]

Could you post the same chart in local currency firedeep?

[fmpro]

J2 is going to crush SH2??WTF China

[fmpro]

Who could've thought MI4 going to break $100m.

Movies in China can drop 70%+ after the 3rd weekend.So it is´ent locked yet i think

[A Marvel Fanboy]

Could you post the same chart in local currency firedeep?

Just use the 1 usd = 6.3 rmb ...

[Fake]

Just use the 1 usd = 6.3 rmb ...

I was looking for the exact values in Yuan, but never mind.

[Robertron]

China never ceases to amaze me!Movies that you would think would bomb explode on OW - ridiculous market!

[Bishop54]

Can someone please tell me when Underworld Awakening opens in China?

[A Marvel Fanboy]

China to Allow More U.S. Films

http://www.hollywoodreporter.com/news/white-house-china-allow-more-292500

After spending the day with Chinese Vice President Xi Jinping in Los Angeles, Vice President Joe Biden said the US and China have reached an agreement that will "make it easier than ever before for U.S. studios and independent filmmakers to reach the fast-growing Chinese audience."

The deal was immediately applauded by the Motion Picture Association of America and its member studios.

“This landmark agreement will return a much better share of the box office revenues to U.S studios, revising a two-decade-old formula that kept those revenues woefully under normal commercial terms, and it will put into place a mechanism that will allow over 50% more U.S. films into the Chinese market," according to the MPAA.

Walt Disney Co. president and CEO Robert Iger said in a statement: "China is one of the most populous countries in the world, and this agreement represents a significant opportunity to provide Chinese audiences increased access to our films."

Under the agreement, the US will be allowed to import an increased number of 3D and IMAX movies to China, where box office revenue was up to $2.1 billion last year. The measure also ensures fairer compensation levels for U.S. blockbuster films distributed by Chinese state-owned enterprises.

[Bluebomb]

Some more facts coming to light- Will be called Oriental Dreamworks. The 3 Chinese companies (China Media Capital and Shanghai Media Group and Shanghai Alliance Investment) own 55% of the company while Dreamworks gets 45%.- 330 million initial investment- Will start operations later this year- First release from this new joint venture to come in 2016

[Magic]

China to Allow More U.S. Films

http://www.hollywood...low-more-292500

Finally.

[A Marvel Fanboy]

Under terms of the deal, China will allow in 14 high-definition releases in 3D and IMAX, in addition to the current quota of 20 movies annually. It will also allow studios to keep 25% of box office revenue – up from 13%.

http://www.homemediamagazine.com/studios/china-opens-market-us-movies-26468

[Bluebomb]

I wonder when this deal goes into effect. Next year maybe when the Shanghai building is fully operational?

[grey ghost]

Well Hollywood can't be too mad at the Obama administration for opposing SOPA since they got the US releases in China quota increased which should boost Hollywood profits a nice amount.

Edited February 18, 2012 by grey ghost

[grey ghost]

They said a 50% increase in the American movies released in China.So that's 10 more movies, correct?

[A Marvel Fanboy]

They said a 50% increase in the American movies released in China.So that's 10 more movies, correct?

Basicly.There were 20 foreigh films ( 16 of them from HLW) and 5 special hollywood pictures ( in 3D) allowed. And now it's 20 foreign releases and 14 special pics, 34 totally.The main HLW blockbusters can all get released in China now.

[A Marvel Fanboy]

DreamWorks Animation to Unveil Landmark Joint Venture in China (Report)

DreamWorks Animation and two state-owned Chinese media companies, Shanghai Media Group and China Media Capital, will unveil a landmark joint venture on Friday, the Financial Times reported.

The partners will construct a studio facility in Shanghai to develop film, TV and live stage productions for the Chinese market, according to the report.

First movie of Oriental DreamWorks, the 330M $ start - up capital DreamWorks Animation-China Joint Venture, will be released in 2016.

[grey ghost]

China probably realized they were wasting chances to make big money by not playing all the Hollywood blockbusters..I read that alot of theaters in China stayed empty most of the time because the public didn't really care for Chinese movies pushed on them.

[grey ghost]

So how much do you guys think Hollywood stands to make from this new arrangement.A very rough estimate of course.1 billion?

[A Marvel Fanboy]

So how much do you guys think Hollywood stands to make from this new arrangement.A very rough estimate of course.1 billion?

HLW can stand roughly 50% of the China BO market. As of 2011, it's about 1B ( which 17.5% of that goes to hollywood distributors) out of 2.1B total revenue. And the revenue is supposed to reach 2.5B~2.7B in 2012.China BO market revenue will reach more than 5B by 2015 if everything goes well.

[fmpro]

http://www.homemedia...us-movies-26468

That is great great news